SkyWater Technology, Inc. (SKYT) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - SkyWater Technology, Inc. (SKYT) closed at $7.85, reflecting a -0.25% change from the previous day, underperforming the S&P 500 which gained 0.08% [1] - The stock has decreased by 24.25% over the past month, compared to a 12.04% loss in the Computer and Technology sector and a 7.33% loss in the S&P 500 [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of -$0.13, indicating a 62.5% decline from the same quarter last year [2] - Revenue is projected at $61.05 million, down 23.34% from the prior-year quarter [2] - For the entire fiscal year, earnings are estimated at -$0.07 per share and revenue at $309.2 million, representing declines of -216.67% and -9.66% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for SkyWater Technology indicate a shifting business landscape, with positive revisions suggesting increased confidence in the company's performance [4] - The Zacks Rank system, which reflects these estimate changes, currently rates SkyWater Technology as 1 (Strong Buy), indicating strong potential for stock performance [6] Industry Context - SkyWater Technology operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector [7] - This industry holds a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries, suggesting a favorable position compared to lower-ranked industries [7]